Applications on issuing state guarantees worth 4 million lei submitted within First Home programme in Moldova

Chisinau, 18 April /MOLDPRES/ - Eight state guarantees have been issued to banks participating in the First Home governmental programme. These guarantees will ensure the subsequent financing of beneficiaries of loans within the programme, according to the Finance Ministry.  

After the launch of the process of collecting applications for getting financing within the programme, the Organization for Small and Medium Enterprises Sector Development (ODIMM), the institution which implements the programme, has received 14 applications on the issuance of state guarantees on behalf partner commercial banks. Following the evaluation carried out, eight state guarantees were issued by signing contract and were provided. Another nine applications on providing guarantee are accepted and four files are under analysis, after which the proper decisions will be taken. The total sum of guarantee applications amount to 3,972,485 lei for mortgage loans worth 7,944,970 lei.     

The Finance Ministry also said that ten out of all the applications registered had been for purchasing flats in the Chisinau city, one in the Balti city, one in the Rascani town and another one in the Anenii Noi town.

So far, about 1,000 consultations have been provided through the Info-line meant for the Programme, as well as consultations were provided to persons interested in the Programme who personally came to ODIMM. Most people interested are aged between 26 and 35 years.  

First Home programme’s beneficiaries can be all citizens of Moldova up to 45 years of age who have an official job. People interested in the programme should not have another real estate or active mortgage credit and the monthly salary should be twice higher than the monthly rate. At the same time, the incomes got from abroad by the wife, husband or the first-degree relatives of those who will access the First Home programme will be regarded eligible. The dwellings must be finished, made available for living and registered in the register of real estate of the Public Services Agency.  The period of repayment of the mortgage loan, except for its anticipated payment, will be of 25 years.   

The bank credits meant for purchasing dwellings within the programme are guaranteed by the state at a share of 50 per cent of the credit’s balance. The applications on providing the mortgage loan can be submitted to any branch of the partner banks of the Chisinau municipality and from all over Moldova.  

(Reporter V. Bercu, editor L. Alcaza)